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| GEL thousands | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025¹ |
|---|---|---|---|---|---|---|---|
| P&L Items | |||||||
| Revenue | Register | Register | Register | Register | Register | 619,461 | Register |
| Adj. Operating Profit² | Register | Register | Register | Register | Register | (5,668) | Register |
| Adj. EBITDA² | Register | Register | Register | Register | Register | 16,112 | Register |
| Net Income | Register | Register | Register | Register | Register | (1,664) | Register |
| Margins & Profitability Ratios (%) | |||||||
| Gross Profit Margin | Register | Register | Register | Register | Register | 14.2% | Register |
| Adj. Operating Profit Margin² | Register | Register | Register | Register | Register | -0.9% | Register |
| Adj. EBITDA Margin² | Register | Register | Register | Register | Register | 2.6% | Register |
| Net Income Margin | Register | Register | Register | Register | Register | -0.3% | Register |
| Balance Sheet Items & Leverage | |||||||
| Total Assets | Register | Register | Register | Register | Register | 252,904 | Register |
| Total Debt³ | Register | Register | Register | Register | Register | 376,306 | Register |
| Total Debt³ / Adj. EBITDA² | Register | Register | Register | Register | Register | 23.36x | Register |
| Total Equity | Register | Register | Register | Register | Register | (152,106) | Register |
¹ 2025 net income includes a GEL 57.0m one-off non-cash gain on initial recognition of a below-market related-party loan; the financial statements flag a material going-concern uncertainty (equity –GEL 135.4m).
² Adj. Operating Profit has been adjusted to exclude non-recurring and one-time items. Adj. EBITDA is calculated by adding back D&A expenses to the adjusted operating profit.
³ Total debt includes lease liabilities, where applicable.